Business
business
Tom Jones
2/25/25

Tesla’s sales nearly halved in Europe in January

Elon Musk’s automaker’s sales slipped 45% in Europe between January 2024 and last month, per new data from the European Automobile Manufacturers’ Association (ACEA), as the company’s already rough start to 2025 seems to get a little worse with each new release of sales data.

Tesla has seen its market share of overall new vehicle registrations halve in the last 12 months across countries in the EU, from 1.8% in 2024 to 0.9% last month. Out of the 17 major automaker groups tracked, 14 saw sales decline year over year, but none suffered as steep a drop as Tesla. Stellantis saw a 16% drop, while Ford saw a 12% dip.

According to the latest monthly figures from the ACEA, first cited in the Financial Times, Tesla shifted just 9,945 new cars across the EU, EFTA, and the UK in January — down from 18,161 for the same period last year. The company’s declines across major markets so far this year (January sales were reportedly down 11.5% in China and 13% in the US) are partly attributed to customers holding out for long-awaited cheaper models, set to go into production in the first half of the year.

Another factor cited by some has been Musk’s increased involvement in the region’s politics, chiefly in Germany, where the Musk-backed AfD doubled its vote share to finish second in Sunday’s national election.

According to the latest monthly figures from the ACEA, first cited in the Financial Times, Tesla shifted just 9,945 new cars across the EU, EFTA, and the UK in January — down from 18,161 for the same period last year. The company’s declines across major markets so far this year (January sales were reportedly down 11.5% in China and 13% in the US) are partly attributed to customers holding out for long-awaited cheaper models, set to go into production in the first half of the year.

Another factor cited by some has been Musk’s increased involvement in the region’s politics, chiefly in Germany, where the Musk-backed AfD doubled its vote share to finish second in Sunday’s national election.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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